Climate Change: Finance

Foreign, Commonwealth and Development Office written question – answered am ar 9 Chwefror 2024.

Danfonwch hysbysiad imi am ddadleuon fel hyn

Photo of Caroline Lucas Caroline Lucas Green, Brighton, Pavilion

To ask the Minister of State, Foreign, Commonwealth and Development Office, with reference to the press release entitled PM to call for era of action at COP28 climate summit, published on 1 December 2023, how much and what proportion of the £1.6 billion funding for climate finance will be in the form of grants.

Photo of Andrew Mitchell Andrew Mitchell Minister of State (Foreign, Commonwealth and Development Office) (Minister for Development), Minister of State (Foreign, Commonwealth and Development Office) (Minister for Development and Africa)

The UK continues to provide the majority of our climate finance through grants. Our most recent external report [https://unfccc.int/documents/628264] showed that over 87 per cent of UK International Climate Finance was delivered through grants. Our expectation is that the high proportion of grant-based climate finance will continue, including for the latest announcements.

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